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July 25, 1990

UNISYS TALKS ABOUT AGREEMENT WITH MITSUI & CO

By CBR Staff Writer

Speaking at a news conference in Tokyo about his new agreement with Mitsui & Co on the Japanese company’s new investment in the company and what it will enable Unisys to achieve, president and chief executive James Unruh said that he hoped to use some of the money for development of image processing, open systems, workstations, software engineering tools and other software; he also said that he hoped that the link with Mitsui would lead to informal sales co-operation on an international scale, with the formation of a joint company in Thailand as a first step: in Japan the agreement formally provides for Mitsui to assist Unisys in expanding its share of the Japanese market; Unruh said the 15% to 20% of Unisys revenue came from distributed systems now, and although Unisys had many plans for workstations and Unix, the field was not a profitable as that of mainframes, so control of costs is a key issue.

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